I'd bet if there were a good field of competition the price would drop

@DeBret McGee IIYour best bet is to secure a deal with creative financing, seller financing or meter lease options.

Construction Costs and Building Phases - How do you calculate per-home construction costs for tract developments?

But, you can't have constructive receipt.

Started with a condo in construction, sold it when done and bought a beach land, sold the beach lend and bought 2 rental townhouses for rental in Greenville.

I’ve been an electrician for 10 years now, so I have a construction management background. 

If you are in a high fire zone, the California Fair Plan is likely your best bet.

I plan to put two duplexes on the property but with this high appraisal is there a smarter thing to do to pull that money out of it or just use it for better collateral for the construction loan most banks will lend on the transfer price within a seasoning period. we face the same issues for land entitlement and development.

I know from experience financing additional tiny homes (not sure if you're looking to do this) can be difficult without having someone that has previous ground-up construction experience.

Quote from @Chris Seveney: Quote from @Juan Vargas: I have a new construction that has been sitting on market for some time.